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2017 State Of Blockchain by digicrypt

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cryptocurrency · @digicrypt · (edited)
$11.70
2017 State Of Blockchain
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<h3>CoinDesk Research has released a new report entitled Q1 2017 State of Blockchain.</h3>
<p><img src="https://s14.postimg.org/j3whl5vtd/Page_001-728x409.png" width="728" height="409"/></p>
<p><em>Photo from CoinDesk.com</em></p>
<p>An article posted on CoinDesk today, June 8, 2017 highlights some of the key findings of the report with a focus on the Bitcoin “scaling debate”.</p>
<p>The article states in regards to Bitcoin that…</p>
<p>“Transaction numbers, block sizes and transaction fees on the bitcoin blockchain each reached all-time highs in the first quarter of 2017, proving the demand to use the network is now larger than ever.”</p>
<p>This is supported by three charts provided in the article.</p>
<h2>1.Nearly 300k transactions occurred on the bitcoin blockchain every day</h2>
<p><img src="https://s22.postimg.org/tpf49kwk1/Screenshotfsfsdf.png" width="751" height="418"/></p>
<h2>2. Increased transactions lead bitcoin blocks to average 92% of their 1 MB capacity</h2>
<p><img src="https://s18.postimg.org/em8r8rxnd/nhf.png" width="754" height="418"/></p>
<h2>3. Rising transaction volumes and block sizes lead fees to average over $.60 each</h2>
<p><img src="https://s1.postimg.org/y3zifmvcf/fdsfagff.png" width="743" height="407"/></p>
<p>The article comes to a very clear and concise conclusion…</p>
<p>“Without a doubt, the bitcoin network is now more congested than ever.”</p>
<p>The report is not limited to studying Bitcoin’s scaling issues, in fact the report provides a great amount of insight into the entire cryptocurrency sector.</p>
<p>A few of the other key findings I found interesting are as follows…</p>
<p><img src="https://s29.postimg.org/3me181jk7/Screenshot.png" width="1269" height="536"/></p>
<p><br></p>
<p><img src="https://s8.postimg.org/nf5nrrav9/Screenshotfdsfs.png" width="1273" height="554"/></p>
<p><br></p>
<p><img src="https://s22.postimg.org/ltq71htf5/Screenshotffdss.png" width="747" height="521"/></p>
<p>The report is a 124 page PDF, this is only a very small portion of the information in the report.</p>
<p>I would encourage you to read the original CoinDesk article as well as the Q1 2017 State of Blockchain Report in its entirety. &nbsp;I would also like to thank CoinDesk for their research, analysis and pursuit of understanding. This report is a great tool for all of us involved in cryptocurrency.</p>
<p>Be sure to check out this report and the other resources on CoinDesk.com</p>
<p>The full report can be downloaded in PDF format with the following link…</p>
<h4><a href="http://media.coindesk.com/uploads/2017/06/state_of_blockchain_q1_2017.pdf"><em><strong>Click here to download the slides as a PDF.</strong></em></a></h4>
<p><br></p>
<h3>Sources</h3>
<p>http://www.coindesk.com/bitcoins-network-congestion-in-3-charts-transactions-blocks-fees/</p>
<p>Jun 8, 2017 by Alex Sunnarborg</p>
<p>http://media.coindesk.com/uploads/2017/06/state_of_blockchain_q1_2017.pdf</p>
<p><br></p>
<h3>If you are interested in buying BTC,LTC or ETH check out Coinbase, you will get $10 of free BTC after your first $100 BTC purchase, using the link below.</h3>
<h3><a href="https://www.coinbase.com/join/569961f500d77d00c60001ea">Coinbase.com</a></h3>
<h3>KeepKey Hardware Wallet, the wallet I use.</h3>
<h3><a href="http://keepkey.go2cloud.org/aff_c?offer_id=1&amp;aff_id=1773">KeepKey</a></h3>
<h3>If you want to stay up to date on crypto news follow my blog <a href="https://steemit.com/@digicrypt">@digicrypt</a>.</h3>
<h3>DASH: XgQ9NBonMoCPKhF37agY4W8zk7gwQFnwGV</h3>
<h3>Litecoin: LfqygtBxy3AJgEpTnTMUYGEoTYEcED8YPZ</h3>
<p><img src="https://s24.postimg.org/aifytjw3p/Digicrypt_Logo.jpg" width="581" height="216"/></p>
</html>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 35 others
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vote details (99)
@alexanarcho ·
$0.03
I would not use Ether as a currency. Believe that Vitalik said is it no currency, plus it does not seem like a sound store of value. 

In my opinion the "state of Blockchain" is the same shape as in the End of 2017, but the hype has gotten even bigger, market cap is even higher (100 billion $), and the bubble has gotten more inflated. 

Be weary, the sweet illusion will soon fade and the technology of many projects will have to prove itself.
👍  
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vote details (1)
@digicrypt ·
$0.11
I don't think the entire sector is in a bubble, but I do think there are some projects that are. Basically any ICO any crypto is seeing huge gains, I expect to see a time in the near future where the cryptos with real communities and utility separate very noticeably from the garbage projects.
👍  ,
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vote details (2)
@alexanarcho · 
agreed! go monero ;)
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@jimscope · 
That's alot to process. Thanks for sharing @digicrypt
👍  
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vote details (1)
@digicrypt · 
Yes it is, a lot of information!
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@judym ·
$0.13
Thanks for this, have downloaded and will read. I appreciate you posting this resource. Hope you're having a great day!
👍  , ,
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vote details (3)
@digicrypt · 
No problem! It is a great resource, really interesting material. Thanks, same to you!
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@lazariko12 · 
Thanks for sharing those facts. Your post is really informative, @digicrypt!
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@digicrypt · 
Thanks for reading! :)
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@mahaelsayed · 
Reaaly amazing
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@digicrypt · 
Thank you
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@mars9 · 
Hello my friend

Post is great .. Thanks for sharing
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@digicrypt · 
You are very welcome!
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@screenname ·
Re: 2017 State Of Blockchain
<p>This post has been ranked within the top 50 most undervalued posts in the second half of Jun 08. We estimate that this post is undervalued by $40.26 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jun-08---part-ii">The Daily Tribune: Jun 08 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@soushi888 · 
Bitshares, steem and soon EOS are the blockchains with the most advanced technology. Even between the crypto adepts, they are underestimate, but I'm sure that they are the future of the blockchain industry ! I think bitcoin approach to his limit (For me, it was just a prototype, the first one) and better blockchains are gonna take the lead. Ethereum didn't have the chance to prove it self yet. This year and the beginning of the next one will tell what it really worth.

In my opinion, for smart contract EOS will be more effective. Ethereum should focus more on technical applications, like a decentralized super-google ! It's a really good move to make the transition to a Proof of Stake consensus !
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@digicrypt ·
$0.07
I think you are right graphene based systems have the potential for a great future. It will be interesting to see what the future holds for BTC, I believe it could be used more for a store of value or large settlements rather than everyday transactions, we will see. Thank you for sharing your thoughts!
👍  ,
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